Wealth Blog

Finance Blogs » Wealth Blog » Most spoiled rich kids

Most spoiled rich kids

By Judy Martel · Bankrate.com
Wednesday, January 2, 2013
Posted: 6 am ET

The holiday season is winding down, but for some rich kids, the gifts just keep on coming.

Sisters Petra Stunt and Tamara Ecclestone have been on a homebuying spree.

Business Insider compiled a list of the most spoiled kids that included famous last names such as Cruise, Combs and Hilton, along with an assortment of inheritors with mind-boggling spending habits.

No. 1 on the list are the daughters of Formula One Management CEO Bernie Ecclestone, Tamara Ecclestone and Petra Stunt. Aged 23 and 28, the two made news in the past year for their extravagant real estate spending spree that netted them an $85 million Los Angeles mansion and a $70 million, 16,000-square-foot home across from Kensington Palace in London.

The fashionable Suri Cruise, daughter of actors Katie Holmes and Tom Cruise, who made news for having her own credit card at the tender age of 6, gets to live the dream of every little princess by bunking at Cinderella's Castle Suite in the heart of Disney World's Magic Kingdom. She tours the land of Mickey in a wardrobe to rival any designer clotheshorse, reportedly including a Dolce & Gabbana trench coat that retails for more than $2,000. So what to get the little girl who has everything for Christmas? According to Business Insider, Holmes planned to surprise Suri with a Victorian playhouse that stands 8 feet high, is equipped with running water, electricity and landscaping and costs $24,000.

Other spoiled kids on the list include Justin Combs, son of the rap star Sean "Diddy" Combs, who received a $360,000 silver Maybach for his 16th birthday, and 11-month-old Blue Ivy, daughter of singer Beyonce and rapper Jay-Z, who splashes her tiny hands in a $5,200 bathtub encrusted with Swarovski crystals and takes her naps in a $3,500 crib.

It's no wonder that with Champagne tastes honed at such a young age, rich parents often cite the lack of fiscal responsibility as their top concern when it comes to their children.

Keep up with your wealth and mortgages and follow me on Twitter.

Get more news, money-saving tips and expert advice by signing up for a free Bankrate newsletter.
слуховые аппараты

Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
January 12, 2013 at 12:29 am

I'm with Gar. People are jobless, homeless and hopeless and our congress is fighting for this to continue? 39% is not enough when needed resources are going to swarovski bathtubs for kids!!!!!!!!!!!!!!!!!!!!!!!

January 11, 2013 at 8:11 pm

I agree with gar. Why is there no outrage about these people "paying their fair share" ??

January 11, 2013 at 5:53 pm

I don't think you have to be rich to spoil your children.

January 07, 2013 at 10:14 am

yes their spending is out of control but it is all relative if you make several million dollars per month.

What else could they possibly spend it on?

January 02, 2013 at 11:40 pm

This is senseless. Hopefully these parents will one day realize that buying a child these expensive toys or whatever the case is is nothing when compared to having manners and having a sense of self, and compassion for the less fortunate children of the world. You can give your children anything you like, but respect for others and carrying themselves in a dignified manner is more telling of how well the parents are when it comes to raising a child today.

January 02, 2013 at 6:17 pm

Can't we increase their tax rates to 100%?